Trump cheers budget plan that wouldn't balance budget

Donald Trump's promise to swiftly balance the federal budget remains stalled following the Senate's latest budget bill.

Unlike the House version passed last week, the Senate's fiscal 2018 budget allows up to $1.5 trillion to be added to the deficit over 10 years to offset coming tax cuts.

The budget passed the Senate 51-49, facing opposition by all Democrats and Republican Sen. Rand Paul, R-Ky.

Despite the proposed increase in the deficit, the White House commended the budget in a statement.

"President Donald J. Trump applauds the Senate for passing its FY 2018 Budget Resolution today and taking an important step in advancing the Administration's pro-growth and pro-jobs legislative agenda," the press release reads. "This resolution creates a pathway to unleash the potential of the American economy through tax reform and tax cuts, simplifying the overcomplicated tax code, providing financial relief for families across the country, and making American businesses globally competitive."

While the budget unlocks the path to one of Trump's promise to cut taxes, the Senate budget does the opposite of eliminating the federal debt.

"If Trump wants to stick to his balanced budget in eight years goal, he needs to produce major spending cuts," Cato's director of tax policy studies Chris Edwards said.

This promise continues to rate Stalled.